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C <br />K’V <br />W-. • ‘ <br />• .-r <br />!.V*’v. ■■ ■{• <br />«^Vj;V*;3f- V. <br />m^^-. <br />•• • <br />?iif- <br />ov'-- <br />IH„ <br />|fr* <br />R'V <br />a- <br />L- <br />r ^ <br />i - <br />•*^|-- A/', . ->!■ <br />MINUTES OF ORONO 1992 BOARD OF REVIEW MEETING <br />HELD APRIL 29, 1992 <br />Jabbour suggested they contact the Zoning Department to determine <br />If the property Is bulldable. <br />Butler suggested they rev Iew the possibility of comb InIng the <br />property to reduce the valuation. <br />Erickson noted he could get secondary homestead credit for the <br />property. He noted he would check into the zoning of the property <br />and submit a report to the owner and to the Board. <br />Frank St. Lawrence. 253 Cygnet Place. PIP# 04-1 1 7-23—23 0012_t. said <br />the valuation went from $149,900 to 154,300 in 1992. He stated the <br />Highway 12 corridor selection Is hav‘ng a chilling effect on <br />ppop0f“ty values and felt the valuation should be left at $149,900. <br />Erickson stated they would review the property. <br />Marie Everson. 4755 North Shore Drive. PID4 0/-117-23_32—0P21.x <br />stated the 1992 valuation Is $170,200 and felt It should be <br />$152,000 based upon a January 1992 real estate appraisal and the <br />sale of neighboring property. She stated that the valuation has <br />Increased $10,000 for each of the previous two years. <br />Erickson noted they would review the property. <br />Norma Jean DIckev. 4425 North Shore Drive. PIP# 07-117-23 34 0003., <br />noted the 1992 valuation Is $184,600 and felt It should be reduced <br />to $125,000. She stated It was a poorly built home. <br />Erickson stated the valuation for 1991 was $186,000; $117,500 for <br />the land and $67,100 for the building. He stated they would review <br />the property. <br />James M. Eeslev. 1449 Bav Ridge Road. PIP# 10-M7-23 34 0003,^ said <br />his valuation increased by $500 and asked what that was based upon. <br />He said a neighboring property was Iisted for $250,000 and recently <br />sold for $187,000 and another Is listed for $229,000 and has been <br />for sale for 3 years. He stated he has not Improved the property <br />In recent years. He noted that nothing in the neighborhood has <br />sold for the asking price wllhin the last 10 years. <br />Erickson stated to find comparable homes, they often have to look <br />at areas outside the Inmedlate ne I ghbo*'hood. He noted that <br />approximately 95* of the homes in Orono sell for more than the <br />market value. <br />Jabbour advised him that If the Clty-wlde valuation <br />more, the State will mass assess the City. <br />s off 5* or